What happened
Bitcoin rallied towards US$78,000 after reaching intra-day highs near US$79,400, driven by shifting global liquidity expectations following US Treasury bond buyback announcements. Spot US Bitcoin ETFs recorded US$606 million in net daily inflows, marking the highest single-day inflow volume since May 1.
Why it matters here
The price movement underlines Bitcoin's sensitivity to real bond yields and global liquidity indicators rather than purely sector-specific developments. For Australian investors allocating to digital assets, macroeconomic policy shifts and central bank interest rate trajectories remain the dominant catalysts for short-term valuations.
What to watch
US flash PMI data releases and commentary from central bankers at upcoming economic symposiums for signals on monetary policy direction.
Source
moomoo.com